Important Notes

1. What Business Structure?

• Partnership, as there is more access to capital when establishing the company. Moreover, liability is shared between all owners in case the business goes under.

2. What is the Business Name?

• CaveFitness
• Initial Costs:

~$98 for 2 years
~$76 Reserve Business Name 3 years
~$22 2 years Domain

3. How we are going to begin operating the business?

• Rental Property
• Require Fitness Professional Certification
• Apply for business permits and licenses
• Write up a business plan

4. What initial purchases are involved?

• Gym equipment
• Stationary
• Business Insurance
• Decorate gym facility
• Hire staff
• Begin advertising

5. How will digital records be kept?

• Access
• Excel

6. What are the roles and responsibilities?

• Business Manager / Receptionist - Bejan
• Marketing - Alex
• Accounting - Karim
• Operations / Personal trainer– Anthony

Licensing and Registration